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SIP or STP: Millions of investors use SIPs to invest in mutual funds regularly, but few are familiar with STP. In contrast, STP allows investors to invest a lump sum in a mutual fund, usually a debt fund, and gradually transfer it to equity funds at regular intervals. Key differences between SIP and STP Under SIP, money is deposited directly …

Funds

Civic authorities racing against time to save Central funds for Edakochi STP

The Kochi Corporation is racing against time to complete the sewage treatment project at Edakochi to prevent the possible lapse of Central funding for the project. Even while the Corporation is planning to approach the AMRUT authorities seeking an extension of time for completing the project, officials are also taking steps to ensure that funds do not lapse. Road restoration …

Coimbatore Corporation seeks funds to execute underground sewer works in Vadavalli, Veerakeralam, Kavundampalayam, and Thudiyalur

The Coimbatore City Municipal Corporation has sought funds from an international bank to extend the Underground Sewerage Scheme in four added areas — Vadavalli, Veerakeralam, Kavundampalayam, and Thudiyalur. The total project, estimated to cost ₹922.16 crore and executed by the Tamil Nadu Water Supply and Drainage Board, started in July. Following this, a detailed project report prepared by the Tamil …

Retail investors exercise a lot of caution before deciding to invest in a mutual fund scheme. This arrangement is known as systematic transfer plan wherein investors have the option to transfer some of the funds in their portfolio from one plan to another. The funds can be transferred from one fund scheme to another offered by the same fund house, …

Mutual funds have become a very common way of generating wealth. So the investor invests the entire corpus in a debt fund which is considered safer than equity funds and usually gives a decent rate of return. So instead of money getting deducted from his bank account like in a SIP, the fund is transferred from his debt fund to …

NELLORE: The â‚¹580.85 crore underground drainage scheme for Nellore city remains incomplete even though its works had started five years ago due to non-payment of outstanding dues of â‚¹100 crore to the contractor – L&T – since 2018 owing to paucity for funds. Interestingly, leaders of the ruling party maintain a stoic silence on the underground drainage scheme, though they …

Mutual funds: What is Systematic Transfer Plan?

Hi, please explain what is the concept of STP? If you have to invest a small amount every month in the equity market through mutual fund schemes, you may opt for SIP which is very popular among retail investors. However, if you have a lumpsum amount to invest in the equity market, say ₹5 lakh, ₹10 lakh, or even higher, …

Small- and mid-cap mutual funds open doors again, but should you invest?

Mutual Funds